Pfizer Inc. (PFE)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Difficulty: Beginner

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Pfizer Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

		Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jul 1, 2018		Apr 1, 2018		Dec 31, 2017		Oct 1, 2017		Jul 2, 2017		Apr 2, 2017		Dec 31, 2016		Oct 2, 2016		Jul 3, 2016		Apr 3, 2016		Dec 31, 2015		Sep 27, 2015		Jun 28, 2015		Mar 29, 2015		Dec 31, 2014		Sep 28, 2014		Jun 29, 2014		Mar 30, 2014
	Short-term borrowings, including current portion of long-term debt
	Trade accounts payable
	Dividends payable
	Income taxes payable
	Accrued compensation and related items
	Other current liabilities
	Liabilities held for sale
	Current liabilities
	Long-term debt, excluding current portion
	Pension benefit obligations, net
	Postretirement benefit obligations, net
	Noncurrent deferred tax liabilities
	Other taxes payable
	Other noncurrent liabilities
	Noncurrent liabilities
	Total liabilities
	Preferred stock
	Common stock
	Additional paid-in capital
	Treasury stock
	Retained earnings
	Accumulated other comprehensive loss
	Total Pfizer Inc. shareholders’ equity
	Equity attributable to noncontrolling interests
	Total equity
	Total liabilities and equity

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Pfizer Inc.’s current liabilities declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Pfizer Inc.’s noncurrent liabilities increased from Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 2019 not reaching Q4 2018 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Pfizer Inc.’s total liabilities increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Total Pfizer Inc. shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Pfizer Inc.’s total Pfizer Inc. shareholders’ equity declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019.

	Pfizer Inc.	Other companies (not purchased previously)
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Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Pfizer Inc. (PFE)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data